The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-01-01
THE TRADE REVIEW.
OF TIE YEAR JUST PASSED.
A Feeling ot ovcr.Contldcnce Displayed
sltssif In tho business Gworld-Tho
"A. Result Of tho iear-The Fall. NJ
ktIs ures and Their Lessons.

SNEw YoRE, Dec. 3l.-R. G. Dim &
Co.'s weekly review Of trade says: Rarely
has q yoar opened with greater dlshesrt.
onment than the year 1856. Rarely has a
year closed with more confidence. This
disheartenment was not wholly justified,
and thore is Bomo reason 10 fear that the
confidence may be partly unwarranted.
The failures for the year have been fewer
than in 1885, and. tho aggregate OF llabill.
ties have been ucarcely lower, and for the
last quarter failures have been more nu.
meroup, md larger. than for the
same quarter Of 1886. Tho increass In
amount Of liabilities for that period were
no less than 10 percent. During the past
month the failures have been unusual in
anount OF liabilities, without any known
disturbance or depression In tho important
branches OF trade to cause them. They
come like "holts out OF the bluo" and
eeem to- indicate an unexpected e1pa n.
sion Of credita. When 1t is remembered
that similar causes OF such expansion
have existed; that the currency has
bsen largely increased, and that wild
speculation ran riot q month ago In the
stock and produce markets, in these fall.
ures with tneir rising volume OF indebted.
ness justify fear that confidence has
grown too fast. The natural inference is
that some atms anxious to recover in q
few months the Losses Of several
weary years have gons beyond their
depth. How much OF unsoundness
In commercial credits has thus been pro.
duced 1t ia not yet possible to Judge.
During the past week legitimate business
has not been large in volume. The dnll-
neas, uAual In the closing week of the
year. is reported from all quarters, but
though dealers are busy making up ac.
counts there Is everywhere q feeling Of
grea; confidence. E..,.fs
~ THE PAST YEARS TrApE. 4.
Trado during the past half year has been
worry large, and generally renumerative.
The prevailing tendency is to count upon
q continued enlargement for the next sea-
son, and |. would be wise not to forget
that it is possible to build too largely on
the future, even in time OF real healthy
Improvement. Prices have adyanc-
cd during the week in nearly
oil speculative markets. "a food OF
money from abroad stimulates trading
here, while Btriusonoy Is noted at Boston.
Aud Ohio osgo banks, anxious to keep
Western money out Of this city, are talk
Ing Of paying interest on deposits. Stocks
are stronger In spite Of rise in the rate
ol exchange. which indicates that foreign
ers are selling to some extent. 4.
~ GRAIN MARYET. itg33.
Wheat has bsen aOtive, war rumors
ruling, and has advanced q cents, with
sales OF 81 100000 bushels in fvo days.
Corn advanced a cent, and pord pro.
ducts arc active, dressed hogs rising half o
Gent, and lard quarter.
i. Cotton stiGened on smaller receipts for
the week, and widely circulated on small
crop estimates. F.F,f,
Coffee has advanced &c, oil 21c and iron
75c per ton, with over sal bid for the No.
iron, WHICH the Thomas Company. re-
Gently offered ct $40. ls
Copper is weak at $ll.sO. The produc.
ton for the year has been only 10000 600
popnds loss than in 1885, and larger than
in any other year, while the conBump.
\ ton appears to have increased 20 per-
cent for the year. Coal carrier1 are all
embarrassed by lack OF rolling stock, the
output for the year having been the
largest on record. -i5s
The statistics Of the failures for the
year OF 1856, show slight falling otE com-
pared with 1885. The nnmhes in the
| United Stntea in a S31 aoainnt IN 697 in